Prospex Energy PLC Conversion of Loan Notes, Warrants and TVR (1901N)
28 Septiembre 2021 - 1:24AM
UK Regulatory
TIDMPXEN
RNS Number : 1901N
Prospex Energy PLC
28 September 2021
Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and
Gas
28 September 2021
Prospex Energy PLC
Conversion of Loan Notes, Warrants and TVR
Prospex Energy PLC, ('Prospex' or the 'Company') the AIM quoted
investment company (AIM:PXEN) focused on European gas and power
projects, announces that it has issued a total of 10,071,523
ordinary shares of 0.1p each in the capital of the Company
("Ordinary Shares"), following the conversion of warrants over
Ordinary Shares ("Warrants") and the conversion of convertible loan
notes granted in December 2020 (the "2020 CLNs").
1,338,282 Warrants have been converted by one individual and one
organisation who were granted the Warrants pursuant to a warrant
agreement dated 23 December 2020 and as announced by the Company on
24 December 2020. The warrants have been exercised at 2.25p and
therefore the Company has received GBP19.025.99 as a result of the
conversion. The Company has issued 1,338,282 new Ordinary Shares as
a result of the conversion.
The conversion of the 2020 CLNs will cancel a total of
GBP179,031.56 convertible loan notes, thus improving the Company's
balance sheet by that amount. The 2020 CLNs are being converted at
a price of 2.05p and were issued to six individuals, two
organisations and a pension fund pursuant to a loan note instrument
dated 23 December 2020 and also announced by the Company on 24
December 2020. Following the conversion, GBP36,806.69 of the 2020
CLNs issued pursuant to the same instrument are outstanding. The
Company has issued 8,733,241 new Ordinary Shares as a result of the
conversion. As part of the 2020 CLN conversion the accrued interest
since 23 December 2020 of GBP4,359.94 will be paid in cash to the
loan note holders.
Two of the Company's directors are converting all of their 2020
CLNs (one via a SIPP). As they are Persons Discharging Managerial
Responsibility, ('PDMR'), the required PDMR forms are set out below
this announcement.
Admission to Trading
The Company has today applied to the London Stock Exchange for
admission of, in aggregate, 10,071,523 new Ordinary Shares to
trading on AIM ('Admission'). Admission is expected to occur on or
around 1 October 2021. On 30 September 2021 there will be
165,443,312 Ordinary Shares in issue and 7,361 shares held in
Treasury. Following Admission, there will be 175,514,835 Ordinary
Shares in issue. Deducting the 7,361 held in Treasury there will
accordingly be 175,507,474 Ordinary Shares that may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in the Company under the FCA's
Disclosure and Transparency Rules.
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR") and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
* * ENDS * *
For further information visit www.prospex.energy or contact the
following:
Mark Routh Prospex Energy PLC Tel: +44 (0) 20 7236
1177
Rory Murphy Strand Hanson Limited Tel: +44 (0) 20 7409
Ritchie Balmer 3494
Colin Rowbury Novum Securities Limited Tel: +44 (0) 20 7399
Jon Belliss 9427
Duncan Vasey Peterhouse Capital Limited Tel: +44 (0) 20 7220
9797
Susie Geliher St Brides Partners Ltd Tel: +44 (0) 20 7236
Catherine Leftley 1177
PDMR Notification
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name William Smith
-------------------------------- -------------------------------------
2. Reason for the Notification
-----------------------------------------------------------------------
a) Position/status Director of the Company
-------------------------------- -------------------------------------
b) Initial notification/amendment Initial notification
-------------------------------- -------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Prospex Energy Plc
-------------------------------- -------------------------------------
b) LEI 213800NY9RH8O1B72D27
-------------------------------- -------------------------------------
4. Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv)each place where transactions have
been conducted
-----------------------------------------------------------------------
a) Description of the Financial Ordinary shares of 0.1p each in the
instrument, type of instrument share capital of Prospex Energy plc
-------------------------------- -------------------------------------
Identification code GB00BMFZVZ53
-------------------------------- -------------------------------------
b) Nature of the Transaction Conversion of Loan Notes
-------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
2.05 pence 1,312,359
----------
-------------------------------- -------------------------------------
d) Aggregated information 1,312,359
Aggregated volume Price 2.05 pence
-------------------------------- -------------------------------------
e) Date of the transaction 28 September 2021
-------------------------------- -------------------------------------
f) Place of the transaction London
-------------------------------- -------------------------------------
PDMR Notification
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name The personal SIPP of Richard Mays
-------------------------------- -------------------------------------
2. Reason for the Notification
-----------------------------------------------------------------------
a) Position/status Director of the Company
-------------------------------- -------------------------------------
b) Initial notification/amendment Initial notification
-------------------------------- -------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Prospex Energy Plc
-------------------------------- -------------------------------------
b) LEI 213800NY9RH8O1B72D27
-------------------------------- -------------------------------------
4. Details of the transaction(s):section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii)
each date; and (iv)each place where transactions have been
conducted
-----------------------------------------------------------------------
a) Description of the Financial Ordinary shares of 0.1p each in the
instrument, type of instrument share capital of the Prospex Energy
plc
-------------------------------- -------------------------------------
Identification code GB00BMFZVZ53
-------------------------------- -------------------------------------
b) Nature of the Transaction Conversion of Loan Notes
-------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
2.05 pence 653,822
----------
-------------------------------- -------------------------------------
d) Aggregated information 653,822
Aggregated volume Price 2.05 pence
-------------------------------- -------------------------------------
e) Date of the transaction 28 September 2021
-------------------------------- -------------------------------------
f) Place of the transaction London
-------------------------------- -------------------------------------
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END
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September 28, 2021 02:24 ET (06:24 GMT)
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